Cyprus Ltd vs branch of foreign company

[Onassis]

Would registering a classic offshore co (an IBC in the BVI for example) with a branch in Cyprus provide any benefits compared to a "standard" Cyprus Ltd?

Bonus question: would it be possible for such company to become tax resident in Cyprus without registering a branch? As long as requirements in form TD98 are met of course.

 

[CyprusLawyer101]

It depends on a few factors, but in general it can provide an opportunity for certain structuring including an attribution of the income between the branch and the company.

To your other question : Tax residency is obtainable by demostrating management and control in Cyprus. The other jurisdiction's tax residency rules are also relevant here.

Last edited: May 14, 2023

 

[Onassis]

Thanks.

CyprusLawyer101 said:
To your other question : Tax residency is obtainable by demostrating management and control in Cyprus. The other jurisdiction's tax residency rules are also relevant here.
Click to expand...

Would it be necessary to register a branch if the foreign company is tax resident in Cyprus as a whole?

 

[CyprusLawyer101]

Not necessarily.

 

[arterogumzejx]

Onassis said:
Would registering a classic offshore co (an IBC in the BVI for example) with a branch in Cyprus provide any benefits compared to a "standard" Cyprus Ltd?

Bonus question: would it be possible for such company to become tax resident in Cyprus without registering a branch? As long as requirements in form TD98 are met of course.
Click to expand...

Your name reminds me a bit of Greek , if you are a Greek resident you can be resident of Cyprus very easily by getting a yellowslip there.